The Trump administration plans to establish a cryptocurrency advisory committee.

According to Reuters, the Trump administration plans to establish a cryptocurrency advisory committee responsible for promoting cryptocurrency legislation, coordinating multi-departmental regulation, and implementing a Bitcoin reserve plan. Companies such as Ripple, Kraken, and Circle are vying for seats, with Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong expressing interest in joining. It is reported that the committee may be affiliated with the White House National Economic Council or set up independently, with some industry figures providing policy advice to the Trump team. Trump has promised to adjust existing regulatory policies to support the cryptocurrency industry, while raising ethical concerns among some consumer groups.